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bbc.com
China should stop hoarding food and fertiliser, says former World Bank chief
David Malpass also said that Beijing's claim to be a developing nation is no longer credible.
cnbc.com
Oil prices extend gains as Trump comments diminish hopes for a U.S.-Iran peace deal
Oil prices rose Tuesday amid concerns over a prolonged Middle East conflict after President Trump's comments that the ceasefire with Iran is on "life support"
bbc.com
Dua Lipa sues Samsung for $15m over use of her image on TV boxes
The pop star's legal team alleges a photograph of her face was used on Samsung television boxes without permission.
cnbc.com
Five things to watch in Asia as Trump prepares to meet China's Xi this week
The U.S. and Chinese presidents are scheduled to gather in Beijing on Thursday and Friday amid a packed week of diplomatic meetings.
cnbc.com
CNBC Daily Open: Iran ceasefire on life support, but market volatility is alive and kicking
Despite claiming that Iran's military is defeated and that Washington "has all the cards" in the conflict, Trump has yet to force Tehran to come to a deal.
cnbc.com
Asia markets trade mixed as investors weigh Trump’s ceasefire warning
Asia-Pacific markets trade mixed as investors weighed fresh doubts over the fragile U.S.-Iran ceasefire.
cnbc.com
Do you need a chief AI officer? Here's how the tech is changing boardrooms
AI may now be coming for the C-suite, according to a report published Monday by IBM, which found that most companies were now staffing chief AI officer roles.
cnbc.com
Trump puts Taiwan arms sales, Hong Kong jailed activist Lai on agenda ahead of meeting with Xi
Trump said Monday that U.S. arms sales to Taiwan and the imprisonment of Hong Kong media tycoon Jimmy Lai would be among the issues at the summit in Beijing.
cnbc.com
OpenAI trial: Nadella says Musk never raised concerns to him about Microsoft investment
Elon Musk named Microsoft as a defendant in his lawsuit against OpenAI
bbc.com
Not so dusty: How tech is changing woodworking
Woodworking shops have been transformed by tech to make tools safer and more precise.
cnbc.com
Singapore flags weaker tourism spending as global travel industry faces uncertainty
Singapore expects tourism spending to ease from last year’s record, even as visitor arrivals continue to rise.
bbc.com
How driving test booking is changing for learner drivers
From 12 May, only learner drivers can book their own tests, not instructors.
cnbc.com
CNBC's The China Connection newsletter: Trump and Xi face a test over AI control
The stakes for AI security have risen sharply in the runup to the first trip to China by a sitting U.S. president in nearly a decade.
cnbc.com
Google says it likely thwarted effort by hacker group to use AI for 'mass exploitation event'
Hackers are rapidly adopting AI to find previously unknown software flaws even without the help of Anthropic's powerful Mythos model.
cnbc.com
Nintendo plunges 8% after Switch 2 price hike and weak sales forecast
Investors are concerned about Nintendo's outlook of lower Switch 2 sales in the current fiscal year, driven by price increases for the console.
cnbc.com
Treasury yields move higher as Middle East peace talks falter
Treasury yields rose Monday as traders reacted to the latest developments in the Middle East conflict.
cnbc.com
Former Tesla CFO Deepak Ahuja joins EV battery recycler Redwood Materials
Before joining Redwood Materials, Ahuja served as chief financial and business officer at the drone delivery startup Zipline for about three years.
bbc.com
Elon Musk and Tim Cook among CEOs expected to accompany Trump on China trip
A total of 17 US executives are set to join the president on his visit, where he will meet his Chinese counterpart Xi Jinping.
cnbc.com
Trump says Iran ceasefire is 'on life support' after rejecting Tehran's counterproposal
The testy U.S.-Iran ceasefire began in mid-April after Trump threatened to destroy Iran's "whole civilization" if no deal was struck.
cnbc.com
Trump invites Elon Musk, Tim Cook, Larry Fink and other CEOs to join China trip for Xi summit
Trump invited Tesla's Elon Musk, Apple's Tim Cook and Blackrock's Larry Fink to join his China trip for talks with Xi Jinping on trade, AI and geopolitics.
bbc.com
Oil price predicted to remain above $100 for rest of year
Investment bank JP Morgan expects oil to remain in the "low $100s" even if the Strait of Hormuz were to reopen next month.
theguardian.com
British Steel: more questions than answers on the future | Nils Pratley
Hard decisions over a possible sale and future subsidies loom now full nationalisation is on the cardsFull nationalisation of British Steel expected in king’s speech“One of the proudest things we have done in government,” said Keir Starmer in Monday’s big speech about the decision a year ago to recall parliament in order to take control of British Steel at Scunthorpe.It was an odd boast because last year’s action was merely an emergency exercise in saving the patient, as opposed to getting British Steel on its feet and out of the hospital. Taking control meant the Chinese owner, Jingye, could not turn off the two blast furnaces but meant the government was on the hook for operational losses, which will be £615m and counting by next month according to the National Audit Office (NAO). Continue reading...
cnbc.com
Hantavirus cases spark brief surge in pharma and biotech stocks — here’s why trading is so volatile
The outbreak of Hantavirus on a cruise ship has led to biotech and pharmaceutical stocks surging on reports of firms developing vaccines.
bbc.com
TikTok launches £3.99 subscription for no ads in UK
Those who don't subscribe will be able to use the platform for free - but be shown personalised ads by default.
cnbc.com
Cole Allen pleads not guilty to trying to assassinate Trump
Allen is accused of trying to kill Trump, transporting firearms interstate, discharging a firearm during an act of violence and assaulting law enforcement.
cnbc.com
UK should commit to rejoin the EU, London mayor tells CNBC
London mayor Sadiq Khan said that Prime Minister Keir Starmer should commit to rejoining the European Union and be "bigger and bolder."
bbc.com
Ovo energy customers urged not to panic as takeover planned
All existing tariffs will be honoured in full under a planned deal that could create one of Britain's largest energy suppliers.
cnbc.com
South Korea's Kospi hits fresh record as Asia markets trade mixed amid oil surge, Iran risks
Investors headed into Monday on edge as Trump’s rejection of Iran’s ceasefire proposal fueled concerns about a prolonged Middle East conflict.
theguardian.com
AI-powered hacking has exploded into industrial-scale threat, Google says
Criminal groups and state-linked actors appear to be using commercial models to refine and scale up attacksBusiness live – latest updatesIn just three months, AI-powered hacking has gone from a nascent problem to an industrial-scale threat, according to a report from Google.The findings from Google’s threat intelligence group add to an intensifying, global discussion about how the newest AI models are extremely adept at coding – and becoming extremely powerful tools for exploiting vulnerabilities in a broad array of software systems. Continue reading...
theguardian.com
UK borrowing costs rise as Starmer speech fails to dispel investor ‘jitters’
Bond yields creep higher on concerns about potential for political instability and rising inflationBusiness live – latest updatesUK politics live – latest updatesThe cost of government borrowing has crept higher as Keir Starmer’s crucial speech failed to dispel investor “jitters” in the bond markets over political instability combined with fears of rising inflation.The yield, effectively the interest rate, on the benchmark 10-year UK government bonds (known as gilts) rose eight basis points (or 0.08 of a percentage point) to 5% on Monday. Continue reading...
cnbc.com
From Singapore to Brussels, world leaders eye Trump-Xi summit from afar
The world will be watching the Trump-Xi summit.
cnbc.com
UK PM Starmer battles for political survival amid leadership challenge as gilt yields rise
Starmer said that key issues of growth, defense, the U.K.'s relationship with Europe and energy must be urgently addressed.
cnbc.com
Iran says it will 'never bow' as Trump rejects peace counteroffer, prolonging Middle East conflict
Washington has sought to press Beijing to lean on Tehran to reopen the strait, though China's appetite to act as a pressure mechanism remains unclear.
cnbc.com
‘The haters will hate’: Dan Ives predicts Nasdaq 30,000 as AI rally expands
A solid tech earnings season has seen investor jitters earlier this year evaporate
theguardian.com
E.ON agrees to buy Ovo in deal to create UK’s biggest energy supplier
Acquisition would result in combined company serving about 9.6 million households if given regulatory approvalBusiness live – latest updatesThe German energy group E.ON has agreed to buy struggling UK rival Ovo in a deal that would create Britain’s biggest gas and electricity supplier by number of households served.The combined company will supply about 9.6 million customers, overtaking the market leader, Octopus, which serves almost 8m homes in the UK. Continue reading...
bbc.com
Heathrow sees passenger dip amid Iran conflict
The west London airport said 6.7 million passengers travelled through Heathrow in April.
cnbc.com
OpenAI to give EU access to new cyber model but Anthropic still holding out on Mythos
OpenAI announced on Thursday it was granting preview access to its latest cyber model to vetted cybersecurity teams.
bbc.com
British Steel nationalisation plans announced by Starmer
The steelworks has been under government control for almost a year, but leglistation to nationalise it will be put forward this week.
theguardian.com
Thinktank calls for ‘double lock’ England private rent cap to ease living costs
Influential IPPR proposes capping rents at whichever is lower of consumer price inflation or wage growthUK politics live – latest updatesOne of the thinktanks closest to the Labour government is urging ministers to introduce private sector rent controls in England, as the chancellor weighs up how to ease a surge in living costs caused by the Iran war.The Institute for Public Policy Research (IPPR) has published a paper calling for a rent “double lock”, which would link rent increases to either wages or inflation, depending on which was lower. Continue reading...
bbc.com
Trump's China visit set to test fragile truce
The first US presidential visit to China in almost 10 years will test a fragile tariff truce.
theguardian.com
Can you move your pension to dodge inheritance tax? Fraudsters say so
Criminals exploit confusion or anxiety over new IHT rules by offering a ‘safe haven’ for savings potsThe caller pitches a great deal. Shift the moneysaved in your pension and reinvest it in a scheme overseas where you can avoid it being caught under next year’s changes to the UK’s inheritance tax (IHT) system.From April next year, any money left in a defined contribution pension after your death, which is most workplace and all private pensions, will be pulled into the IHT net. Continue reading...
theguardian.com
Oil prices climb after Trump dismisses Iran’s response to peace plan
Brent crude rises after US president calls overture from Tehran ‘totally unacceptable’Business live – news updatesOil prices have climbed after Donald Trump condemned Iran’s response to US proposals to end the war as “totally unacceptable”.The president’s rejection of Tehran’s overture in a post on his Truth Social platform triggered a jump in Brent crude, the international benchmark for oil prices, by as much as 4% on Monday to $105.50 a barrel, before easing back to settle at $103.50. Continue reading...
cnbc.com
Modi says Iran war poses severe risks to India, urges cuts in fuel use and gold purchases
Modi appealed to Indians to cut fuel use, overseas travel and gold purchases as the Middle East conflict exposes India’s heavy reliance on imported energy.
theguardian.com
US Senate expected to confirm Kevin Warsh as next Federal Reserve chair
Warsh would succeed outgoing Fed chair Jerome Powell as Trump continues his push to influence the US central bankSign up for the Breaking News US newsletter email The US Senate is expected to confirm Kevin Warsh this week as chair of the Federal Reserve, as Donald Trump continues his campaign to influence the world’s most important central bank.The Fed’s influence over the economy spans from the job market to mortgage rates, and its every move is carefully scrutinized by investors on Wall Street. Warsh’s confirmation comes at a turbulent time for the central bank, which has fallen under intense scrutiny from Trump for not lowering interest rates. Continue reading...
theguardian.com
Heathrow passenger numbers dip as demand for international travel ebbs amid Iran war fallout
Airport reports 5% decline but transit passenger business rises as fliers use hub to avoid Middle East airportsBusiness live – news updatesThe number of passengers flying from London Heathrow fell last month, as war in the Middle East weighed on demand for international travel.About 6.7 million people flew through the airport in April, a 5% drop compared with the same period in 2025 and its biggest annual fall since March last year. Continue reading...
theguardian.com
Get back: Beatles’ Apple Corps to turn former London base into seven-storey visitor attraction
Paul McCartney hails plans for 3 Savile Row, which include access to rooftop where the band played their final gig The address may not sound familiar, and the street name is best known as the heart of British tailoring. But 3 Savile Row is one of the most iconic buildings in British pop and rock: the former home of the Beatles’ record label Apple Corps, and the location of the band’s final public performance when they took to its rooftop in 1969.Apple Corps has now re-acquired the building in Mayfair, central London, and plans to open it to the public as a new tourist attraction in 2027. Continue reading...
cnbc.com
CNBC Daily Open: Political pressure cooker week
Markets eye three high-stakes political stories this week, with the U.S., Iran, China and the U.K. front and center.
theguardian.com
I was fined £500 for putting a cigarette butt in a refuse sack
Haringey council’s penalty seems extortionate – especially when other authorities charge lower amountsI read your story about a man fined £500 for dropping a cigarette butt on the pavement.I have been issued with a £500 fixed-penalty notice (FPN) by Haringey council for putting a butt in a refuse sack awaiting collection on the street. Continue reading...
theguardian.com
UK savings: six traps to avoid when you’re finding a new deal
If you are looking for a new account, there are some good rates around, but also pitfalls to watch out forEarning as much as 7% on your savings sounds great – but what’s the catch? The top-paying accounts often come with strings attached, which could mean your money is not working as hard as you thought.That’s important because there is a lot of cash sitting in fixed-rate savings accounts that are about to reach the end of their term. The total amount in accounts maturing between April and June is £90bn, according to the savings app Spring – and that money will need to find a new home. Continue reading...
bbc.com
Haggling prices and chasing debts - tradespeople hit with cost of living headache
More than half of tradespeople have seen an increase of late payments compared to a year ago, a survey finds.
bbc.com
Council confirms £300 heating oil support
"Residents should not be left behind simply because they are off the gas grid," council leader says.
theguardian.com
Delayed Great British Railways’ first station to open at Cambridge South in June
Station will be first to be given full GBR branding and will directly link city’s Biomedical Campus to London, Brighton and Stansted airportThe delayed Cambridge South station will finally open in late June – and become the first station to be given full Great British Railways branding, the government has announced.The station sits beside the city’s Biomedical Campus, Europe’s largest medical research centre, and will connect it with direct trains to London, Brighton and Stansted airport, as well as up to nine trains an hour to the centre of Cambridge itself. Continue reading...
cnbc.com
China inflation beat estimates in April as Iran war drives producer prices to three-year highs
China has cushioned the worst of the energy shock through its strategic oil stockpiles and a diversified mix of renewable energy sources.
theguardian.com
Europe should behave more like China does if it wants to survive this age of chaos
Instead of obsessing over rules that have ceased to matter, we must consider giving Beijing a dose of its own medicine The US and Israel may have started the war in Iran, but – apart from the belligerents themselves – it is China and Europe that stand to lose the most from it. Yet while European leaders watch like rabbits caught in the headlights as energy prices shoot through the roof, China has responded to the crisis with remarkable equanimity. It is striking how self-confident Beijing is ahead of this week’s Trump-Xi summit.That’s because China is better prepared for what I call an age of “un-order”. This is not the same as disorder, where rules exist but are broken. Un-order is a world where the rules themselves have simply ceased to matter. While European governments have been obsessed with preserving order, China has been working out how to survive chaos.Mark Leonard is director of the European Council on Foreign Relations and author of Surviving Chaos: Geopolitics When the Rules Fail Continue reading...
theguardian.com
Dua Lipa sues Samsung for $15m over use of her image on TV boxes
British singer claims electronics company ‘repeatedly refused’ to stop using a photo of her on its packagingDua Lipa is suing Samsung for at least $15m (£11m, A$20.6m), alleging that the electronics company used a photo of her to sell its TVs without financially compensating her or seeking her permission.According to the legal complaint, filed in a US district court in California on Friday, Samsung began using an image of Lipa on an image of a TV screen printed on its cardboard packaging for “a significant portion” of its TVs sold in the US last year. Continue reading...
bbc.com
My sister was spending £1,000 a month on drink from delivery apps
A woman who wants tighter restrictions on alcohol deliveries is working with Dry January charity.
bbc.com
Cyber-crime increasingly coming with threats of physical violence
While hackers used to sneak into computer systems, intimidation of staff is now more common.
bbc.com
No summer border delays for Brits, Greek tourism minister says
Olga Kefalogianni says the Greek government doesn't want visitors to be "burdened" by biometric checks.
bbc.com
This couple lost £1,000 after their flight was cancelled - here is what to check so you don't
It's essential to read your policy details carefully - here's a checklist to tick off before you set off on your travels.
cnbc.com
Netanyahu says Iran war is 'not over' as Trump rejects latest Iranian offer
The Iran war, dragging into its second month, has spiked oil and gas prices in the U.S. and around the world.
theguardian.com
Mike Ashley admits he was behind video that brought down JD Sports chair
Sports Direct founder says people in his employ recorded footage of Peter Cowgill meeting another retail bossThe Sports Direct founder, Mike Ashley, has admitted to arranging surveillance footage that brought down his rival Peter Cowgill, the former JD Sports chair.Cowgill was secretly filmed in 2021 in a car talking with the Footasylum boss Barry Bown. JD Sports was in the process of acquiring the trainer retailer at the time and the two companies were not allowed to share commercially sensitive information. Continue reading...
theguardian.com
Trump tariff refunds are happening – and businesses should pay attention
Business owners may have to wade through paperwork, but the US government is now actually processing refundsWhen the supreme court struck down Donald Trump’s tariffs, many small importers assumed any refunds would be tied up in bureaucracy for years. Surprisingly, that’s not what’s happening.It’s estimated that roughly 330,000 importers paid more than $166bn in tariff fees imposed by Trump under the International Emergency Economic Powers Act (IEEPA). If your business was affected, here’s good news: you can get your tariffs refunded. You just need to be a little patient. Continue reading...
theguardian.com
‘Degree of complacency’: are supply chains prepared for impact of ongoing Iran war?
The economic warnings are bleak, but full extent of shortages are still not felt for many European countriesThe biggest energy shock in modern history, jet fuel shortages “within weeks”, a global recession – since Iran throttled shipping flows through the strait of Hormuz at the end of February the economic warnings have become increasingly dire.Yet 10 weeks on from the first US-Israeli attacks, share indices, companies and governments have been surprisingly sanguine. Every day the divergence grows between the eerie quiet on markets and alarming warnings of an imminent supply chain crunch. Continue reading...
theguardian.com
Advisers urge JP Morgan investors to vote to split chair and CEO positions
SS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both rolesInvestors in JP Morgan have been urged to vote in favour of splitting the role of chief executive and chair at America’s largest bank, amid concerns over the power wielded by its billionaire boss Jamie Dimon.ISS and Glass Lewis, which issue advice to some of the world’s biggest fund managers on how to vote at annual investor meetings, have thrown their weight behind a shareholder resolution that would ensure two separate people hold the office of chair and chief executive “as soon as possible”. Investors are due to vote on the resolution at the bank’s annual general meeting on 19 May. Continue reading...
theguardian.com
From fringe issue to the heart of politics: the UK Living Wage campaign marks 25 years of success | Heather Stewart
The group’s latest triumph won over the Department for Business and Trade, now it is eyeing private care providers and supermarketsA paragon of the kind of people-powered progress that feels all the more necessary in divisive times, the Living Wage campaign is celebrating its 25th anniversary this year.Born out of Telco (The East London Citizens Organisation), which ultimately became the nationwide group Citizens UK, the campaign has always involved communities working together to press for social and economic change. Continue reading...
cnbc.com
Global week ahead: Crude diplomacy casts shadow over Trump-Xi summit
A quiet power play to build up strategic oil reserves changes the energy dynamic between China and the U.S. ahead of the Beijing summit in May.
theguardian.com
Cape Verde bets on tech to reverse postcolonial brain drain
African archipelago hopes startups, digital infrastructure and diaspora investment can transform its economyFor much of its history since its discovery by the Portuguese in the mid-15th century, the Cape Verde archipelago off the coast of west Africa served as a hub of the international slave trade, with Africans forcibly transported to marketplaces before being distributed across the Americas and Europe.Now, almost 150 years since slavery was abolished in Cape Verde, and just over 50 years since independence from Portugal, Pedro Fernandes Lopes wants the country to become a beacon for the free movement of human and financial capital across the African diaspora. Continue reading...
theguardian.com
Donald Trump will arrive in Beijing this week knowing that Xi holds all the cards | Simon Tisdall
The US president will be counting on China to influence Iran and help him out of his latest mess. But the price may be high – including for TaiwanLike an out-of-control wrecking ball, swinging wildly back and forth, Donald Trump smashes up the international order without much thought for the consequences. Lacking coherent strategies, workable plans or consistent aims, he power-trips erratically from one fragile region, tense warzone and complex geopolitical situation to another, leaving misery, confusion and rubble in his wake. Typically, he claims a bogus victory, demands that others repair the damage and pick up the tab, then looks around for something new to break.The president will bulldoze into another international minefield this week – the fraught standoff between China and Taiwan – when he travels to Beijing for a two-day summit with President Xi Jinping. After a string of humiliating policy implosions over Ukraine, Gaza, Nato, Greenland, and now Iran and Lebanon, needy Trump craves a diplomatic success to flaunt at home. But his hopes of vote-winning trade pacts are overshadowed by his latest war of choice. He needs Xi’s promise not to arm Iran if all-out fighting resumes – and Xi’s help keeping the strait of Hormuz open as part of a mooted framework peace deal. Continue reading...
theguardian.com
Defence sovereignty: Europe races to build the low-cost weapons of future
With Trump wavering on Nato and war in Ukraine, Europe is scrambling to spend billions on weapons such as dronesIn a small workshop in England’s East Midlands, engineers at the British startup Skycutter are designing weapons for Ukraine. A row of 3D printers make the fuselage for interceptor drones, while parts such as motors and navigation chips are slotted together by hand. The same process happens hundreds of thousands of times a month in partner Ukrainian factories.The swarms of cheap, deadly and often autonomous drones deployed in that war have already changed combat completely. Troops far behind the frontline must move constantly to avoid attack from the air, travelling along netted tunnels and landscapes crisscrossed by fibre optic cables used to steer drones past radio jamming. Cities are terrorised by guided missiles that are cheaper and therefore more widely used than those that came before. Continue reading...
theguardian.com
The Sunday read: Paul Daley on going the distance in an EV - podcast
Amid fuel insecurity due to the US-Israel war on Iran, Guardian Australia columnist Paul Daley takes his first holiday driving an electric vehicle. Staring down the uncertainty of a long drive and battery-charging breaks – he learns something beautiful along the wayYou can subscribe for free to Guardian Australia’s daily news podcast Full Story on Apple Podcasts and Spotify Continue reading...
theguardian.com
What I saw at the Musk-OpenAI trial: petty billionaires, protests and a stern judge
Showdown between Musk and Altman has rendered the world’s most wealthy comical under egalitarian eye of courtFor the past couple of weeks, on the fourth floor of a courthouse on a quiet street in downtown Oakland, the world’s richest man and one of the world’s most valuable startups have been at war over the future of artificial intelligence.Being one of the reporters in the room has felt like watching an updated, opposite-coast version of Tom Wolfe’s The Bonfire of the Vanities – ambition, ego, greed and the spectrum of social class on full display. The supporting cast has included Elon Musk fanboys, a stern judge and a who’s who of Silicon Valley’s most influential people. Continue reading...
theguardian.com
Google developers significantly misstate carbon emissions of proposed UK datacentres
Emissions understated by factor of five in Essex plans for tech giant, while Greystoke’s Lincolnshire plans show similar errorDevelopers working for Google have significantly misstated how much carbon two proposed AI datacentres will contribute to the UK’s total emissions in planning documents reviewed by the Guardian.The tech company wants to build two huge datacentres – one 52-hectare (130 acre) project in Thurrock and another at an airfield in North Weald, both in Essex. To do so, developers are required to submit planning documents calculating how much carbon these projects will emit as a proportion of the UK’s total carbon footprint. Continue reading...
theguardian.com
Starmer brings in Gordon Brown and Harriet Harman to ease pressure on him to resign
Brown to advise on global finance, while Harman will focus on social and economic improvements for women and girlsFull results from England, Scotland and WalesKeir Starmer has brought in Gordon Brown and Harriet Harman as advisers in a move to ease the mounting pressure on the prime minister to resign after the disastrous election results for Labour.Brown, the former prime minister and long-serving chancellor under Tony Blair, has been made Starmer’s envoy on global finance, with a brief to advise on financial partnerships to help with defence-related investments, particularly with Europe. Continue reading...
theguardian.com
Trump Media and Technology Group lost $406m in first three months of 2026
Parent company of president’s Truth Social platform generated only $870,000 even as net sales were up 6%The parent company of Donald Trump’s Truth Social platform – one of the president’s preferred communications channels – lost nearly $406m in the first three months of the year while generating a little over $870,000 in revenue, according to financial filings.The Trump Media and Technology Group’s quarterly report for January to March 2026 showed that while net sales were up 6% year over year, the company took sizable losses related to other investments. Continue reading...
theguardian.com
Neither US nor Iran can sustain strait of Hormuz standoff indefinitely
Simply hanging on could be a disaster for Iranians, while Trump needs to resolve this economic crisis he created Exchanges of fire between Iran and the US demonstrate the serious instability of the situation in the Middle East. Though the US strikes late on Thursday were just “a love tap”, according to the US president, Donald Trump, the reality is that neither side can continue the high-stakes standoff in the strait of Hormuz indefinitely.The US and its ally Israel demonstrated a comprehensive military superiority over Iran – taking minimal casualties in the 38-day war – but Washington has both failed to translate that into strategic dominance and allowed Iran to take control of the strait, driving up the oil price. Continue reading...
theguardian.com
Air travel was already miserable. Now we get to pay more for it! | Dave Schilling
Spirit Airlines helped turn flying into a fee-based nightmare. Now it’s gone, and fuel prices are soaringForgive me for not mourning last week’s demise of Spirit Airlines, the company responsible for making flying absolutely terrible. Due to rising expenses and billions of dollars in debt, Spirit shut down abruptly last Saturday, stranding thousands of customers who were unaware that an entire business meant to transport them through the sky was about to shutter for good.Spirit was struggling for years, but it all got so much worse thanks to the soaring cost of jet fuel caused by the war in Iran and the crisis in the strait of Hormuz that halted the shipment of oil. It was bad enough being the country’s most ridiculed mode of conveyance outside of the Segway. But now it costs even more to suck that badly.Dave Schilling is a Los Angeles-based writer and humorist Continue reading...
theguardian.com
Trump airport branding deal opens new route to profit for family
Florida agreement grants US president control of licensing and merchandising at renamed airport, analysts sayIt was a week in which one prominent name in aviation, Spirit Airlines, disappeared, killed in the company’s own admission by high fuel prices resulting from Donald Trump’s war in Iran.Within days, however, another moniker was already flying high in industry circles: the president’s own. Continue reading...
theguardian.com
‘Peak TV is behind us’: UK developers pivot from building studios to datacentres amid AI boom
Ambitious plans are being scaled back – but film and TV industry point to big existing investments in British productionHollywood blockbusters including the eagerly anticipated Beatles biopics and big-budget TV series such as Bridgerton have been keeping the UK’s film and TV studio facilities packed.But as the streaming wars recalibrate having passed “peak TV”, a slowdown in the content arms race is prompting property developers to switch to building datacentres amid the AI boom. Continue reading...
theguardian.com
Who is Louis Mosley, the man tasked with defending Palantir against its critics?
The company’s UK and Europe boss has become a lightning rod for the British public’s fear of a US tech takeoverThe hall was packed with rightwing radicals when Louis Mosley heralded a coming revolution. Just as Oliver Cromwell – that “crusader for Christ and liberty” – routed King Charles I’s royalists, “a similar revolution is brewing today”, said the UK and Europe boss of Palantir. Globalism’s “twilight” was upon us, he said in a speech dotted with admiring mentions of the podcaster Joe Rogan and “Elon’s Doge”.It was not a typical peroration for a big UK government contractor with more than £600m in deals with the NHS, the Ministry of Defence and police. But Palantir, the world’s most controversial tech company, is no typical contractor. In recent years it has gained firm footholds across Britain’s public sector while appalling critics with its leadership’s rightwing rhetoric and its work for the US and Israeli militaries and Donald Trump’s ICE immigration crackdown. Continue reading...
theguardian.com
City & Guilds London Institute trustees accused of stalling inquiry into £166m sale
The board of the vocational charity has shown a ‘catastrophic failure of governance’, according to a member of the group’s councilThe trustees of City & Guilds London Institute have been accused of attempting to dodge accountability for a “catastrophic failure of governance” by stalling on the launch of an independent inquiry into the £166m sale of the vocational charity’s training and accreditation business last October.Members of the 148-year-old body voted overwhelmingly last month for the trustee board to trigger what would be the third investigation into how the foundation sold its operations to the private operator PeopleCert in October. Continue reading...
bbc.com
How sunburn inspired a new way to store energy
Molecules that can capture heat could be a useful technology to decarbonise heating.
bbc.com
How Sir David Attenborough built 'Green Hollywood'
The city is responsible for 80% of the world's natural history TV shows.
theguardian.com
‘We are talking about energy security for Europe’: Norway doubles down on oil and gas production
Norway’s energy minister says country has a ‘responsibility’ to address shortfalls caused by wars in Ukraine and Middle EastIn case of any doubt about Norway’s commitment to maintain – and expand – its production of gas and oil offshore, the energy minister, Terje Aasland, has a pithy response: “We will develop, not dismantle, activity on our continental shelf.”This week, to the alarm of environmental campaigners, he announced that three gasfields off the country’s southern coast would reopen by the end of 2028 – nearly three decades after they closed – to meet a shortfall caused by the impact of the war in Ukraine and disruption to supplies from the Middle East. Continue reading...
theguardian.com
Home batteries: a ‘gamechanger’ for cutting energy bills?
As fuel prices soar, millions of Britons could reduce their electricity costs by installing home storageConsumers across the UK are bracing for the war in the Middle East to deliver a sharp rise in home energy bills from this summer.The looming energy cost crisis has prompted a record number of households to investigate green home upgrades to try to keep bills down, including heat pumps, solar panels and electric vehicles. Continue reading...
theguardian.com
Worried Britons ‘prepping’ for major disruption with stash of tins and cash, survey shows
Fears over a natural disaster or cyber-attack are pushing households into contingency planning, Link survey showsMillions of Britons are “prepping” for a potential “major disruptive event” by keeping a stash of cash at home, stockpiling tinned goods or ensuring they have a battery-powered torch close to hand, new data suggests.With war raging in the Middle East and Ukraine, extreme weather becoming more frequent, and warnings that the UK’s critical infrastructure is at risk from cyber-attacks and power outages, many people feel the world has become a more dangerous and chaotic place. Continue reading...
cnbc.com
Whisky business: Investors pin hopes on Trump’s Scotch tariff reversal after dire three years
President Trump's decision to ditch the 10% tariff on Scotch whisky could boost the market for premium cask collecting.
bbc.com
The UK is set for a staycation summer - and there are plenty of hidden gems
Seasoned staycationers share their favourite spots as Airbnb and Booking.com say interest in UK stays are up on last year.
bbc.com
US jobs data beats expectations for second month in a row
The solid figures came despite rising gas prices and economic uncertainty sparked by the Iran war.
bbc.com
Major train operator to be renationalised in months
GWR, which runs trains between London and South Wales, will come under government control.
theguardian.com
Is ‘tax the rich’ really hate speech? Won’t someone think of the billionaires? | Fiona Katauskas
The top 1% have it hard, tooSee more of Fiona Katauskas’s cartoons here Continue reading...
bbc.com
US jet fuel could be used in Europe to ease possible shortages
An international air body suggests wider acceptance of US-grade jet fuel could help to head off any supply problems.
bbc.com
Housing market 'fragile due to global unrest'
Jersey estate agents say there is uncertainty in the market due to the impact of the conflict in the Middle East.
bbc.com
South East Water boss quits after supply failures
David Hinton faced criticism after outages affected tens of thousands of people in Kent and Sussex.
bbc.com
Oil prices rise after US and Iran exchange fire in Hormuz strait
US President Donald Trump says the ceasefire between Washington and Tehran is still in place.
bbc.com
The companies making billions from the Iran war
Through surging profits or soaring share prices, the war has been a boon for some firms.
bbc.com
World Cup fans in China and India face broadcast uncertainty
Broadcasters in the two countries have yet to reach deals with Fifa, just weeks before the tournament is due to start.
bbc.com
Instagram privacy tech is turned off today - what does this mean for your DMs?
The platform said it would remove end-to-end encrypted messages, a major U‑turn by parent company Meta.
bbc.com
Trump gives EU ultimatum deadline to approve trade deal with US
Trump's deadline to the European Union came as a trade court ruled his global tariff policy violated US law.
theguardian.com
Outrage as oil giants profit billions from Iran war - The Latest
Shell has made $6.9bn in profits since the Iran war began, cashing in on soaring energy prices. The enormous profits have reignited calls for higher taxes on fossil fuel companies to fund support for those hardest hit by rising costs.Lucy Hough speaks to energy correspondent Jillian Ambrose. Continue reading...
bbc.com
Portugal and Italy will not suspend digital border checks for Brits
Reports had suggested the countries were set to follow the example of Greece, which effectively suspended biometric checks for UK nationals.
bbc.com
Watch: Drone delivers first Amazon parcels in UK
The tech giant says it hopes to slowly expand the service as the demand for ultra-fast deliveries grows.
bbc.com
Gulf economies face long-term hit from Iran conflict
Commentators say it will take years or even decades to repair the damage.
bbc.com
Why did Paddington Bear need a police escort?
Rav Wilding joins us with the latest crime headlines. From a shocking BBC investigation exposing scammers abusing dogs to con animal lovers, to how to spot a shop used by organised crime — plus why Paddington Bear needed a police escort
theguardian.com
Is Europe ready for a future without the US? – podcast
Trump has threatened to pull 5,000 troops from Germany – while European leaders worry this is just the start of a US withdrawal from the continent. Deborah Cole reportsLandstuhl is a unique place: a small town in the south-west of Germany, it is also very American.There are American fast food joints, nail salons flying the US flag … and it has, says the Guardian’s Berlin correspondent, been welcoming the US army since it marched into the nearby city of Kaiserslautern in spring 1945. Continue reading...
bbc.com
Why are there so many vape shops on our high streets?
New research has shown a 28% growth in shops selling vape products in Scottish towns and cities.
bbc.com
Robots move in as waste firms struggle to find staff
Humanoid robots are being added to the automation of waste sorting.
bbc.com
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.com
Will AI lead to more accurate opinion polls?
It's cheaper and faster to collect people's opinions using AI, but will it make polls more accurate?
bbc.com
The kelp producer who wants to get Americans eating seaweed
Marine farmer Suzie Flores also hopes the crop can revitalise the US's small fishing towns.
bbc.com
Why has the UAE left Opec - and why does this matter?
The United Arab Emirates (UAE) is quitting oil cartel Opec after nearly 60 years of membership.
bbc.com
Why Spotify has no button to filter out AI music
Music streamer Deezer allows users to filter out AI music, so why does Spotify not offer the same?
bbc.com
How climate change threatens the economic backbone of the Pacific
Tuna populations around the Pacific Islands could move away as ocean temperatures increase.
bbc.com
From scientist to silk farmer: India's silk industry renewal
Silk production is an increasingly high-tech business in India.
bbc.com
What the Warner Bros deal could mean for streaming, cinemas and news
If Paramount's takeover of Warner Bros goes ahead it could significantly reshape Hollywood.
bbc.com
How a pivot to hair accessories led to business success
Jenny Lennick's colourful hair clips are sold across the US and around the world.
bbc.com
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
bbc.com
The £5.30 orange juice that tells the story of why supermarket prices are sky high
Butter, chocolate, coffee and milk have all seen prices rocket. Tracing back through the story of one particular supermarket staple begins to explain why
bbc.com
Prepare for turbulence - how a prolonged Middle East conflict could reshape how we fly
The Gulf's hub airports made long-distance travel cheaper - but now their future looks unclear.
bbc.com
Sir John Curtice: Why Labour's Brexit focus has shifted from Leavers to Remainers
Will the pursuit of a closer relationship with the EU risk courting electoral disaster by alienating Brexit-backing voters?
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